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MOBILE GOVERNMENT EMP. CREDIT UNION

Mar, 31, 2022 — MOBILE GOVERNMENT EMP. CREDIT UNION is a federally insured state chartered credit union headquartered in MOBILE, AL with 2 branch locations and about $24.09 million in total assets. Opened 94 years ago in 1928, MOBILE GOVERNMENT EMP. CREDIT UNION has about 767 members and employs 4 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:MOBILE GOVERNMENT EMP. CREDIT UNION
Address:
(Main Office)
109 Saint Joseph St
MOBILE, AL 36602-3605
Phone:(251) 694-4100
Fax:(251) 694-4316
Website:http://mobgecu.com
Branches:2 branch locations
Members:767
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:61339
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1928
Last Audited:Mar 01, 2021
FHLB Member:No
Low Income Designation:No
Assets:$24,087,267
CEO/Manager:WINIFRED A MAIBEN
Chairperson:Janet M DRISKELL

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 28,253
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 1,057,310
 Unsecured Loans 195,702
 Other Loans 1,481,270
 TOTAL LOANS 2,734,282
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -39,658
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 185,270
 All Other Assets 0
  TOTAL ASSETS 24,087,267
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 406,149
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 20,187,795
 All Other Shares & Deposits 220,663
  TOTAL SHARES & DEPOSITS 20,408,458
  TOTAL LIABILITIES 20,814,607
 Regular Reserve 0
 Other Reserves 1,632,565
 Undivided Earnings 1,640,095
  TOTAL EQUITY 3,272,660
  TOTAL LIABILITIES, SHARES, & EQUITY 24,087,267
INCOME & EXPENSE  
 Loan Income 26,334
 Investment Income 63,424
 Other Income 20
 Total Employee Compensation & Benefits 59,874
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 13,516
 Non-operating Income & (Expense) 55,620
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 23,202
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 48,806
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